Exploring the Benefits of Joining the CPTPP: Revitalizing Economies and Maximizing Opportunities

2023-07-17 22:08:00

Someone asked if we should join the CPTPP or the ‘Comprehensive and Progressive Agreement for Asia-Pacific Partnership’. ‘ which covers a large market, has 11 member countries, covers 7% of the world’s population, has an economic size of 13% of the world’s economy. Many large countries are preparing to jump into membership.

15-16 July 2023, there was a ministerial meeting of CPTPP member nations in Auckland, New Zealand. China submitted a request for negotiations on September 16, 2021, Taiwan submitted a request for negotiations on September 22, 2021.

Japan and New Zealand revealed that Ukrainian President Zelensky had also formally submitted an application to New Zealand to join the CPTPP. Selensky’s intention is to revive the economy following the end of the Russo-Ukrainian War. And then there are many other countries that have submitted a request for negotiations. Therefore, it is possible that in the future, the CPTPP may be a big agreement.
Thrilling gives member countries an advantage in trading. As for countries outside the group, it will be at a disadvantage.

To become a member of the CPTPP, the government must disclose all aspects of information to the people of the country without hiding it because the CPTPP is a modern FTA that covers more than trade and investment, and extends its scope to the service sector. government procurement intellectual property protection protection of labor rights All of these have higher standards than the FTAs ​​that Thailand has signed with other countries.

Anyone who joins the CPTPP must join the 1991 International Convention for the Protection of New Plant Varieties. There must be a linkage to the drug patent notification system. There is labor rights protection according to the conventions of the International Labor Organization. If it joins the CPTPP, it will create a migrant worker union. which the government must study the advantages and disadvantages in detail

many years ago Thailand’s competitiveness in the world arena has problems. We have less export value and attract foreign investment than Vietnam and Malaysia. Investments of large multinational companies have been withdrawn from Thailand to countries with more FTAs ​​than Thailand. In addition to trade and investment, if entering the CPTPP in the long run, Thailand will raise standards to be improved in many ways, such as intellectual property protection The liberalization of government procurement for more competition and in accordance with the international rules of the world

but must not forget that Thailand’s key industrial operators Tens of thousands, there will be competitors entering the market. Whether it’s the steel industry, animal feed, motorcycles, fertilizer, etc. Hundreds of thousands of workers may be affected. and foreigners will be able to bid to compete with the government procurement business

Thai politicians rarely present issues of international trade and investment to the public. cause ambiguity Investment therefore slowed down and withdrew. When someone raised the issue, there were both opposition and support from ‘feelings’, not from ‘Facts’ derived from the confirmation of politicians who will run the country

Joining an international organization at first glance seems like a distant thing. But in fact, it is a close matter that affects the economy and society. because it involves the ways of people of all levels and stages

We see countries that suffered economic collapse from the Russo-Ukrainian war like the United Kingdom and Ukraine. Who became a member and submitted a letter requesting negotiations to join the CPTPP, with the reason being to revitalize the economy following the war. reminds me that What regarding other countries? Do you want to revitalize the economy of your own country? However, open sky to see the world confirms the necessity to disclose the advantages and disadvantages of joining the CPTPP in every issue to the Thai people before making a decision.

Nitikarun Mingruchiralai
[email protected]

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#England #Ukraine #apply #CPTPP

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